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E-Malt.com Newsletter 24b
June 13 - June 16, 2024
Quote of the Week
If given the truth, [the people] can be depended upon to meet any national crisis. The great point is to bring them the real facts - and beer.
Abraham Lincoln
Currency Rates
Base Currency: US Dollar
on June 14, 2024 |
Base Currency: Canadian Dollar
on June 14, 2024 |
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1 USD = 0.9276 EUR
1 USD = 0.7828 GBP
1 USD = 1.3741 CAD
1 USD = 1.5047 AUD
1 USD = 157.0270 JPY
1 USD = 5.3890 BRL
1 USD = 88.7371 RUB
1 USD = 7.2485 CNY
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1 CAD = 0.7276 USD
1 CAD = 0.5696 GBP
1 CAD = 0.6750 EUR
1 CAD = 1.0949 AUD
1 CAD = 114.2590 JPY
1 CAD = 3.9213 BRL
1 CAD = 64.5687 RUB
1 CAD = 5.2743 CNY
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Currency Rates Chart
Equities of the Largest Breweries
USA, CO: Yetters Brewing Company on track to open in Greeley by mid-July
...Click here
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Canada: Feed barley bids holding relatively steady in Western Canada
...Click here
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USA, MN: Bubble Line Brewing Company hoping to become first Black woman-founded brewery in the state of Minnesota
...Click here
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USA, TN: Reelfoot Brewing Company opening in downtown Union City next month
...Click here
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USA, SC: Tetrad Brewing Co. moving from its current location in Greenville
...Click here
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USA, TX: Klaus Brewing Co. closing, citing financial woes
...Click here
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World: Corona recognized as the world’s most valuable beer brand in 2024
...Click here
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Belgium: Beer consumption and exports decline in 2023
...Click here
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World: Barley still remains a niche crop in a much larger agricultural world - analysts
...Click here
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Spain: Beer sales record negative growth for the first time since the end of the pandemic
...Click here
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EU: Barley crop estimate down 0.1 mln tonnes on increased dryness in Spain
...Click here
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World: Barley trade forecast reduced on smaller export expectations in a number of countries
...Click here
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EU: Soft wheat, barley crop forecasts lowered as harvesting gets underway
...Click here
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Australia: Reduced barley stocks threaten Australia’s position as top exporter
...Click here
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Argentina: Barley crop forecast up on good planting pace
...Click here
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UK: No- and low-alcohol drinks outperform a declining UK alcohol market
...Click here
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Vietnam: Vietnam proposes to hike special consumption tax on alcohol to 100% by 2030
...Click here
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UK: Laphroaig distillery planning production expansion
...Click here
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France: Condition of soft wheat and barley crops improves in France
...Click here
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Russia: Russian brewers counting on state support to compete with imported beer
...Click here
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Graph of the Week
Table of the Week
Canada Barley Supply and Distribution
Prices Evolution
Barley Prices
Theoretical Malt Prices
These Days in Business History
13 June
1933 - Financial and Economy World conference opens, 66 countries
1934 - Black-McKeller Bill passes causes Bill Boeing empire to break up into Boeing United Aircraft
[Technologies] and United Air Lines
1975 - 1st oil pumped from North Sea oilfield
14 June
1755 - 1e edition of Dr. Johnsons "Dictionary"
1789 - Whiskey distilled from maize is first produced by American clergyman the Rev Elijah Craig. It is named Bourbon because Rev Craig lived in Bourbon County, Kentucky
1846 - Belgian Liberal Party forms
1946 - Canadian Library Association established
1951 - 1st commercial computer, UNIVAC 1, enters service at Census Bureau
15 June
1762 - Austria uses 1st paper currency
1909 - 1st U.S. airplane sold commercially, by Glenn Curtiss for $5,000
1949 - Gas turbine-electric locomotive demonstrated, Erie Pa
1954 - UEFA (Union of European Football Associations) is formed in Basel, Switzerland
16 June
1903 - Pepsi Cola Company forms
1903 - Ford Motors incorporates
1911 - IBM founded as the Computing-Tabulating-Recording Company in Endicott, New York
1963 - 1st woman in space, aboard Vostok 6
1983 - European Space Agency launches European Comm Satellite 1, Oscar 10
Agenda
June 2024:
14 - 15: Tallinn Craft Beer Weekend 2024 (Tallinn, Estonia)
August 2024:
08 - 10: VIETFOOD & BEVERAGE - VIETNAM 2024 (Saigon Exhibitions and Conventions Center, 799 Nguyen Van Linh Street, District 7, HoChiMinh City, Vietnam)
17 - 20: World Brewing Congress 2024 (Minneapolis, Minnesota)
23 - 24: Beervana 2024 (Wellington, New Zealand)
September 2024:
02 - 04: 14th Iberoamerican VLB Symposium Brewing & Filling Technology (IBS) (Ciudad de Mexico (CDMX), Mexico)
12 - 14: Stockholm Beer & Whisky Festival 2024 (Stockholm, Sweden)
14 - 15: Bruges Beer Festival 2024 (Bruges, Belgium)
21 - 06 October: Oktoberfest 2024 (Munich, Germany)
28 - 30: Whisky Live Paris 2024 (Paris, France)
October 2024:
03 - 04: Brew Asia 2024 (Suntec Convention & Exhibition Centre, Singapore)
23 - 25: Drink Technology India 2024 (Bombay Exhibition Centre, Mumbai, India)
28 - 31: China Brew 2024 China Beverage 2024 (Shanghai, China)
November 2024:
22 - 22: Drink Japan 2024 (Makuhari Messe, Japan)
26 - 28: Brau Beviale 2024 (Nuremberg, Germany)
February 2025:
06 - 07: Glug Swiss 2025 (Alte Reithalle, Aarau, Switzerland)
07 - 10: HoReCa 2025 (Athens, Greece)
16 - 18: BBTech Expo 2025 (Rimini, Italy)
21 - 23: Finest Spirits 2025 (Munich, Germany)
March 2025:
03 - 07: IBD Asia Pacific Convention 2025 (Hobart, Tasmania)
12 - 15: Festival Brasileiro da Cerveja 2025 (Blumenau, Brazil)
19 - 20: BeerX 2025 (Liverpool, UK)
April 2025:
06 - 09: 15th International Trends in Brewing 'Beer & Society' 2025 (Leuven, Belgium)
10 - 12: KIBEX 2025 (Seoul, South Korea)
News Articles
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USA, CO: Yetters Brewing Company on track to open in Greeley by mid-July
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Daniel Yetter has been waiting a year to enjoy a beer with his closest friends and his friends-to-be at his downtown Greeley brewery, the Greeley Tribune reported on June 12.
Since spring 2023, Yetter has been going through the ebbs and flows of trying to open the new location for Yetters Brewing Company, 1011 9th Ave. From the paperwork, permits, licenses, remodeling and everything else needed, Yetter feels optimistic he’s nearing the light at the end of the tunnel.
“It’s been a very stressful, hard operation,” he said. “But I do feel like the city of Greeley is excited for it.”
Yetter said it’s looking like everything is on track for the brewery to open in mid-July, and even though he’s gotten his hopes up previously about when it’ll open, he has a good feeling this time around.
“We’re definitely closer than we’ve ever been,” Yetter said.
When it does open, customers can expect a lot of American lagers on tap, he said. Yetter wants the brewery to be a lager house that’s a mixture of “Cheers” and an homage to his upbringing. Yetter grew up on a farm outside of Ault, so the brewery will have pictures of his childhood farm and historic Greeley.
...More info on site
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Canada: Feed barley bids holding relatively steady in Western Canada
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Feed barley bids are holding relatively steady in Western Canada, showing little movement over the past month as end users await the new crop amid relatively favourable growing conditions, Canadian Cattlemen reported on June 13.
Drought fears had encouraged some demand earlier in the year, but “now that those fears have been alleviated, (buyers) are starting to dig in,” according to a newsletter from Alberta grain brokers Agfinity, noting that while it is still early in the growing season “projections for this year’s crop are sound in most areas.”
Agfinity noted that new crop pricing is starting to become available at levels lower than old crop prices.
The monthly grains update from the United States Department of Agriculture’s Foreign Agricultural Service, released June 12, estimated Canadian barley production in 2024/25 at 9.6 million tonnes. That compares with the 8.9 million tonnes grown the previous year and would be about 100,000 tonnes above Agriculture and Agri-Food Canada’s current projection.
The USDA sees Canadian exports hitting 2.4 million tonnes in 2024/25, which would be up only slightly from the 2.3 million tonnes it expects for the current marketing year. However, with a larger domestic crop, the USDA forecasts Canadian domestic barley usage will rise to 7.4
...More info on site
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USA, MN: Bubble Line Brewing Company hoping to become first Black woman-founded brewery in the state of Minnesota
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Rondo resident Brittney Mikell aims to open the first Black woman-founded brewery in the state of Minnesota. And she wants to do it in her own neighborhood.
So, she’s working with the Rondo Community Land Trust to find the location on Selby Ave. that will be just right, and she launched a crowdfunding campaign on Indiegogo to fund the launch of Bubble Line Brewing Company with $500,000.
Mikell worked as a pharmacist before pivoting to making beer during the pandemic.
She enjoyed her work in healthcare. “I’ve always been the kind of person that needed to be contributing to something bigger than myself in my career,” she explained. In that way, she fit right in. She had struggled academically while earning a degree in chemistry at Carleton College, but around the end of her four years, everything began to click. “I learned how to study and what worked for my learning style, and I started doing better,” Mikell remarked. “That grew my confidence a ton. So I didn’t actually struggle at all during my doctorate studies. I knew how to put in the work to learn, I did well, and it paid off.” She received her doctor of pharmacy at the University
...More info on site
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USA, TN: Reelfoot Brewing Company opening in downtown Union City next month
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Reelfoot Brewing Company is opening in downtown Union City next month. Co-owner Eric Sanford was moving his equipment this morning into the new building located at the corner of First & Church, Radio NWTN reported on June 12.
Main Street Union City announced on June 12 a full press release will be issued soon with more about the history of Reelfoot Brewing Company, the owners, opening date and more.
Officials said, “Excitement is in the air in downtown Union City! We can’t wait to see what’s next!”
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USA, MI: St. Johns Brewing Co. up for sale
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A restaurant and brewery in a 130-year-old former bank building in St. Johns’ downtown is for sale, the Lansing State Journal reported on June 13.
St. Johns Brewing Co. went on the market about a month ago, 3½ years after the business opened at 200 N. Clinton Ave. in December 2020.
The brewery is the first, but won't be the last, of Jim Holton's restaurants and breweries to be listed for sale. Holton, who also owns and operates businesses in Mount Pleasant and Alma, is retiring and plans to sell all of them eventually.
"I am starting to sell off all of my restaurants one at a time," Holton said, who plans to retire now that his son is graduating from high school and his wife is already retired.
The business is leasing the 4,000-square-foot space in the century-old building and Holton said the property's owner is open to signing a new lease with a buyer. The sale of the restaurant and brewery, listed for $199,000, comes with all equipment and an existing liquor license.
"I'd rather have it handed off to somebody locally down there," said Holton, who lives in Mount Pleasant. "It'd be great to have someone local own it and operate it
...More info on site
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USA, SC: Tetrad Brewing Co. moving from its current location in Greenville
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A popular Greenville brewery revealed on social media that it’s moving from its location in the city’s Overbrook neighborhood, GSA Business reported on June 13.
In the post, Tetrad Brewing Co., 603 E. Stone Ave., said it is in the process of transitioning into a new space, which was not disclosed. It was expecting minimum downtime, according to the post.
“Alas, that is not the case,” the post stated.
Tetrad’s lease ends at the end of June and it has yet to cement details on its new location, “so we will have a few months when we won’t be able to serve you our great beers with friendly smiles,” the post stated.
John Bucher and Chad Tydings opened Tetrad nearly five years ago, according to its website. The duo lived in various locations, including Alaska, Oregon, Utah, New York and Vermont, before settling in Greenville, according to the site.
The last day at the Stone Avenue location will be June 22, according to the post. It just so happens Tetrad’s last day will coincide with its annual Pints 4 Pups event, which supports Greenville County Animal Care. That event will be from 1 to 5 p.m. at Hampton Station.
Related: Popular Greenville brewery abruptly closes after
...More info on site
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USA, TX: Klaus Brewing Co. closing, citing financial woes
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Unfortunately, Houstonians have seen several brewery closings over the last 12 months, from well-known entities with enormous taprooms to family run businesses, and everything in between. The latest to announce its closing is one of the city’s most under-the-radar businesses, Chron reported on June 13.
Klaus Brewing Co., which has been creating some of the area's best German-style beers since 2018, will shutter after one final shift on June 15. Klaus Brewing founder Thomas Lemke wrote on Facebook that the brewery couldn't recover after a mechanical failure permanently wrecked its brewing system.
"Without an additional, very significant cost to dig deeper and find a possible solution, our only option is to purchase a replacement system," the Tuesday post read. "Neither choice is financially feasible, so after much deliberation, we have made the devastating decision to close Klaus Brewing."
Lemke thanked Klaus' staff and patrons for sticking with the brewery over the last six years. He also noted the brewery will stay open under regular hours through June 15, when it will host live music before shutting off the lights.
"We invite everyone to come get a few last pints and pick up some merch to remember us by," the post read.
A patron set
...More info on site
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World: Corona recognized as the world’s most valuable beer brand in 2024
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In Kantar’s BrandZ global rankings published on June 12, Corona was recognized as the most valuable beer brand in the world. Eight out of
...More info on site
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Belgium: Beer consumption and exports decline in 2023
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A distinctive monument of Belgium is losing its pieces: beer is no longer fashionable, and consumption has plummeted in the country and exports, Eunews
...More info on site
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Italy: Beer production down 5.02% in 2023
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Beer production in Italy confirms a growing trend compared to pre-pandemic data, but the sector needs concrete support to grow again. To strengthen the
...More info on site
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World: Barley still remains a niche crop in a much larger agricultural world - analysts
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Events over the past few weeks have sparked a considerable wheat market price rally around the world, and in the process has provided a
...More info on site
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Spain: Beer sales record negative growth for the first time since the end of the pandemic
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Despite appearances, Spaniards are consuming less beer than before the pandemic. Beer sales in Spain recorded a negative figure for the first time since
...More info on site
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EU: Barley crop estimate down 0.1 mln tonnes on increased dryness in Spain
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Weather has turned for the better with warmer temperatures and further rain aiding crop development in the EU. While the crop remains 2-3 weeks
...More info on site
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World: Barley trade forecast reduced on smaller export expectations in a number of countries
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Global barley trade 2024-25 is forecast at 28.679 mln tonnes in USDA’s June report, down from 29.079 mln tonnes forecast in May due to
...More info on site
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EU: Soft wheat, barley crop forecasts lowered as harvesting gets underway
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Strategie Grains lowered its monthly forecast for this year’s soft wheat crop in the European Union, confirming its expectation for a four-year low in
...More info on site
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Australia: Reduced barley stocks threaten Australia’s position as top exporter
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Australia is the world’s leading barley exporter for TY 2023/24, but a decline in production has led to reduced stocks and threatens Australia’s position
...More info on site
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Argentina: Barley crop forecast up on good planting pace
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As planting begins to roll forward, the weather in Argentina is nearly ideal with clear conditions and rain in the forecast. Farmers are pushing
...More info on site
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UK: No- and low-alcohol drinks outperform a declining UK alcohol market
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The total beverage alcohol market in the UK is expected to see volume and value declines of -1% CAGR over the next 5 years,
...More info on site
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Ukraine: January-May beer output up 5.8%
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Ukraine’s brewers produced 5.8% more beer in January-May this year, compared to the same period in 2023, trade association Ukrpyvo reported on June 13.
The
...More info on site
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Vietnam: Vietnam proposes to hike special consumption tax on alcohol to 100% by 2030
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Vietnam’s Finance Ministry has proposed to hike a special consumption tax on alcoholic drinks to 100% by 2030, the ministry said, a move that may further hurt the country’s beverage industry, KFGO reported on June 13.
Under the draft proposal which is pending lawmakers’ approval, the special consumption tax on beer and strong liquor will be raised to 70%-80% by 2026 and gradually increase it to 90%-100% in 2030, compared with the current 65%.
“Alcoholic drinks and beer prices will increase by 20% in 2026, compared with 2025,” the finance ministry said in the proposal, adding that prices would continue to increase by 2%-3%, depending on inflation.
“Levying high tax rates is necessary to help reduce consumption of alcoholic drinks,” it added.
Vietnam’s beer industry has already been hit by the country’s strict drink driving law, under which the alcohol content limit for drivers is zero since 2019.
Last year, beer industry revenue decreased by 11% and profits decreased by 23%, according to estimations of the Beer – Alcohol – Beverage Association.
Shares in Sabeco, Vietnam’s largest brewer, fell by 3.96% on Friday morning after the ministry’s proposal.
The finance ministry also proposed a hike in special consumption tax on soft drinks and cigarettes.
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UK: Laphroaig distillery planning production expansion
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Suntory Global Spirits has submitted a planning application to expand production at Islay distillery Laphroaig and improve its visitor experience, The Spirits Business reported on June 12.
Suntory Global Spirits (formerly Beam Suntory) submitted the plans to Argyll & Bute Council to ‘future-proof’ its Laphroaig Distillery with an expansion of the site.
As part of the plans, Suntory will expand the stillhouse and increase the number of stills from seven to 11. It also proposes installing 12 new washbacks, a new mash house, and restoring the original ground floor maltings building, where the Laphroaig visitor centre is currently located.
Plans were shared with the local community at an information event held at the distillery in August last year.
Following community feedback, plans for a loop access road have been amended with a smaller turning circle proposed to lower the site’s vehicle footprint and improve access around the distillery. The size of the new stillhouse has also been reduced to complement the wider distillery site.
Due to the scale of the investment, the redevelopment will take place over a number of phases. Suntory confirmed that operations would continue as normal during the construction period.
Laphroaig Distillery attracts approximately 29,000 visitors every year.
In the future, Suntory proposes that
...More info on site
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France: Condition of soft wheat and barley crops improves in France
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The condition of soft wheat and barley crops in France improved last week, according to a report by state agency FranceAgriMer.
The share of soft wheat crops in good and excellent condition rose to 62% (61% a week earlier and 88% a year ago), winter barley – to 64% (66% and 88%), spring barley – to 74% (73% and 89%). Development rates of soft wheat and winter barley are slightly ahead of last year.
The proportion of durum wheat crops in good to excellent condition decreased during the week to 63% (64% and 82%). Durum wheat development is four days behind last year and five days behind the five-year average.
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Russia: Russian brewers counting on state support to compete with imported beer
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Russian beer imports have been growing recently, so domestic brewers are counting on support through regulation of import duties, the president of United Breweries, Oraz Durdyev told Interfax on the sidelines of the St. Petersburg International Economic Forum.
"Imports now have just 10% of the market, which is not that significant of a share. But they have indeed been demonstrating growth recently. This can be explained by the fact that imported beer now essentially competes in price with domestic beer," Durdyev said.
Having the option to choose imported beer is "certainly good for consumers," but the impact that growing imports are having on the domestic market is concerning, he said.
"The situation on the beer market has barely managed to stabilize after all the restrictions and logistical problems. Russian businesses have begun to increase their competitiveness, invest in the development of local brands. And so that now these efforts do not turn out to be in vain and so that producers are motived to develop further, it is important to support brewers, including through regulation of import duty rates. The rate should be such that consumers still have a choice, but imported products do not hold back the growth of locally produced beer,"
...More info on site
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